,• Commodity (Continued from Page 10) 5,000 bushels. Every commodity bas its own size contract but the quality piovisions with in each commodity aie identical. The basic grades are those recogniz ed as in most general commercial demand On most exchanges, de lively is peimilled of superioi or infenoi grades at fixed pie miums 01 discounts However, the avciagc tiadei is raiely interested in taking oi making delueiy Almost invan ably. he closes out his position ip futuies delivery contracts be foie they mature In the case of our example □jEHOID VENTILATION FANS • FEATURES Inside Shutter Louveis Stainless Steel Hinge Pins & Bushings on Louveis Safety Wire Guaid Stoim Hood Vanable Wall Mounting Totalh Enclosed Motoi Motoi Overload Protection Peimanently Lubiicated Ball Beaiings ALSO VENT-O-MATIC FANS AVAILABLE Call Today For Prompt Installation Agway 1027 Dillerville Rd., Lone. Jones would sell his steers through hit favorite local mar ket place when they were finish ed in April and at the same lime buy back his futures contract But regardless of how the mar ket went, he still had hit tame original profit expectation locked in If the puce of live cattle de clined fiom when he bought them, he would take less for his steets at niaiket but make it up when he bought back his futures contiact If the icveise were ti ue cattle pi ices increased Jones would get more foi his live cattle but lose the increase when he bought back his futuies conti act Either way he would have insured his profit at the be- USED % H. P. SURGE MILKER PUMPS and ACCESSORIES Supply Center ginning of the venture and re duced his risk considerably For the person such as a feed miller, the hedge is used in the opposite manner If the miller needs grains or soybeans etc. for his mix, but doesn’t have enough storage or ready cash to make the full puiehase on a favoiabic maiket, he ean buy futuies con tracts to co\ei bis expected needs Then when he actually needs the gram, he buys it fiom local souices and if the puce has incieased, by selling his futuies contracts, the adv ance is off set so that his net cost is at the foi mer favoiable price The Speculator In any discussion of the futur- • ADVANTAGES Protected from weathei, less chance of freezing, easier to clean. Long-lasting bearings, i ust and corrosion lesistant. Keeps hands, animals, and othei objects out of fan Piotects fan and motor fiom lain and snow. Allows fan to be mounted flush with in side of building wall. Keeps dust and diit out of motoi wind ings. Shuts off motoi in the event of overload 01 lestuction. Eliminates constant need to oil healings 397-4761 Lancaster Farming. Saturday. Novembers. 1.969—H es maiket the speculator must also be mentioned He is the man who nsks his money in the market and through fiee trading in a free market, helps make the maiket In fact, the market would not exist without the spec ulatoi Usually, the nunibei of ptoducers wishing to sell com modilies foi futuie delueiy is not exactly ctjual to the numbei of buycis foi his commodity on a guen date So the speculatoi steps in and buys with the idea of selling to the final buyei at a profnl in the futuie And when a number of these speculators bid against each othei foi the pioduecis commodity they act ually cieate a bettei maiket And just in case you think the a (j ou t farming speculatoi is the one who makes down all the money, you will be mtei- Basically, this has been aic ested to know that in a booklet port of the discussion on th,« telling speculators how to do it. * aimei s possible use of „ , trading as given in the recent figures show that only 2o pel- vo Ag teacher’s classes Fuither cent of them end up with a pro- mquuy should be made if e\ fit The rest lose Eudenth, it is panded mfoimation is needed For good production next lactation, FEED PURINA DAIRY CONDITIONER As a danyman, you know that good milk pioduction doesn’t just happen It’s something you plan foi by establishing a held with the genetic potential foi good pioduction then managing and feeding yom cows so they 11 pioduce up to then bied-m ability Many successful local dauymen also plan for good pio duction with a pi oven piogiam of diy cow feeding They need Puuna Dany Conditioner a leseaich pi oven lation to help give diy cows body condition thev need for good pioduction after they fieshen Puima Dany Conditioner is an extia palatable 12k, peicent piotein lation It’s foitified with vitamins A ana D plus extia phosphoius to heip guaid against milk fev ei Puuna Dairy Conditioner is low cost, too, because the amounts you feed depend on your cows’ condition and on the quality ot the loughages you feed For example, a cow dried off in good condition being fed high-quality roughages would leqiure less Dairy Conditioner than a cow in only lair condition being fed fan quality roughages Drop in soon and get your free copy of the Purina Dry Cow Program foldei We’ll be glad to show you how Purina Dairy Conditioner can help you prepare your diy cows toi good pio duction next lactation Ira. B. Landis Ph 394 7912 1912 Ci eek Hill Rcl Lane John B. Kurtz Ph 354 9251 R D 3 EphiaU West Willow Farmers Assn., Inc. Ph 4611431 West ■ a a bbbj aVaVa^i Artificial Meat My first opportune to eat an> artificial meat was appicuated but not exactly enjoyed, my ta>'** buds failed to find am similarity between the inamifaetuied food that I was ealmy, and the beef and poi If fioni the leal me.d animals 1 smceiely hone th.d the aveiase consumei will not accept this substitute at the ex pense of the livestock mdustiv In companson with the cos, of many olhei foods and household items meat is not too expensive today and the producci is iot Setting his share of the comum ei dollar foi the pioduct James High & Sons Ph 354-0301 Goidomilie John J. Hess, 11, Inc.,’ Ph 442 4632 PaiadiT 'i 3 5 Rheum-. u m ra elji ivKftsa @ s i i ■ up and